Stocks News

The idea of a boring, safe investment has never sounded so good after a year in which everything from stocks to real estate got flat-out clobbered.

Without a single initial public offering on Canada's senior equity exchange in the last six months, 2008 was the worst year for IPOs in the history of the annual survey of Canada's equity markets by ...

Mumbai: In volatile trading, the Bombay Stock Exchange benchmark Sensex on Tuesday maintained an uninterrupted rally in 2009 by adding over 60 points, extending a surge in financial stocks on speculation that ...

Among the companies whose shares are expected to see active trade in Tuesday's session are Global Payments, Wells Fargo, Cigna and LDK Solar.

Jan 6 - Weaker domestic currencies and hopes of an aggressive U.S. recovery plan lifted markets across Asia Nikkei up on Canon, Sony Korean bailout of Ssangyong Motors raises Kospi China c.bank sees 8 percent ...

Hello reality, remember me ? As we've tried to tell the world lo these many months , Bank of America absolutely, positively will not maintain the Merrill Lynch brokerage structure as it existed pre-merger. News ...

Hong Kong shares fell modestly Tuesday, as investors sold Chinese telecom companies that had gained recently after Beijing approved next-generation mobile licenses.

The blue chip Hang Seng Index lost 53.80 points, or 0.4 percent, to 15,509.51.

The market was bound to see some selling after three straight days of gains, analysts said.

'You don't see people falling over each other to buy stocks. No one believes that if they don't buy now they'll miss the buy of the century,' said Francis Lun, general manager of Fulbright Securities Ltd.

Europe's services sector continued to contract sharply in December while the jobs outlook looked increasingly bleak, closely watched surveys showed Tuesday.

The monthly purchasing managers' index for the then 15 nations that share the euro _ Slovakia joined on Jan. 1 _ fell to 42.1 in December, its lowest in the survey's ten-year history, from 42.5 in the previous month. A reading below 50 indicates contraction and the bigger the difference, the greater the contraction.

In addition, the survey showed that employment in the sector contracted at its fastest rate since August 2003, stoking further fears that consumers will rein back spending even further.

Asian stock markets were mostly higher Tuesday, shrugging off lackluster trade overnight in the U.S. and Europe amid growing optimism the world economy would start to recover later this year.

Overseas markets, meanwhile, were poised to follow Asian bourses higher as European benchmarks gained early in the session and Wall Street futures pointed to a positive open.

After a disastrous 2008, Asian stocks have shown strength of late. Analysts say foreign investors, who pulled billion of dollars from the region last year, have begun trickling back amid speculation that government polices to shore up a decaying global economy could help Asian equities outperform in 2009.

Bernard L. Madoff Investment Securities LLC was examined at least eight times in 16 years by the Securities and Exchange Commission and other regulators, who often came armed with suspicions.